HighMarkets Review

Introduction

HighMarkets is a relatively new entrant in the CFD trading space. Yet, on paper, the company covers most boxes you’d expect from an established broker. The company offers access to multiple asset classes like commodities, forex, indices, stocks, and cryptocurrencies. 

The company offers decently high leverage of 1:200, low spreads, multiple payment options, and TradingView powered trading platform. The company also offers customer support across 3 channels and in 2 languages. Learn more about this new broker in this detailed broker review.  

(Not disclosed on the website but expected to be 2.5 pips on Silver and lower on higher account tiers). 

Supported and Restricted Countries

Before opening an account with a broker, traders should always first check whether the broker provides its services in their country or not. Because of local and international regulations, brokers cannot accept clients from every jurisdiction. The same is true for HighMarkets, as the company doesn’t offer its services to residents of certain jurisdictions, including the USA, Canada, the European Union, Iran, Iraq, Syria, North Korea, Sudan, Myanmar, and Russia. 

If you are based in one of these jurisdictions, you will not be able to open an account with HighMarkets. Traders outside these restricted regions can check the broker’s registration process and confirm their eligibility before proceeding. In our testing, our team member from Pakistan could also not create an account with the company. 

Average Customer Rating

Checking a broker’s reviews is one of the best ways to know if a broker is good. At the time of writing this, HighMarkets does not have a Trustpilot profile and we don’t have their user review on our website. In future, when HighMarkets will get reviews, we will share them here. 

Trading Platforms

HighMarkets gives traders access to its TradingView powered platform through both web and mobile devices. The web platform can be accessed directly through a browser. where traders can view charts, use trading tools, and manage their positions without needing to install a desktop application. The mobile app is useful for traders who want to keep up with the markets and manage their trades while being away from their computer.

One of the main features of the platform is its TradingView integration, which gives traders access to advanced charts, real-time market information, and different analysis tools. 

It is important to note that HighMarkets does not offer MetaTrader 4 or 5 access. But traders can test the company’s trading platform risk-free with a demo account.

Leverage and Spreads

HighMarkets lists maximum leverage of up to 1:200 across its standard account tiers.

The broker's account structure also uses different spread and swap discounts depending on the account level. The Gold Account provides greater discounts than Silver, while Platinum offers the highest discounts among the standard account tiers.

Rather than publishing one universal spread figure for every instrument, HighMarkets presents the account benefits in terms of relative discounts. This means actual trading costs can depend on the instrument and account selected. 

Transparent Fees

HighMarkets stays transparent about their fee structure as they stated that there are no hidden fees and no ambiguity. The broker does not charge fees upon deposits, withdrawals, or inactivity. However, traders should review the applicable account conditions and legal documentation before trading, especially when they are evaluating spreads, swaps, and other trading-related charges.

Customer Support

Customer support plays a vital role in the overall trading experience, especially on days when you face some issues or simply need answers to your queries. HighMarkets offers multichannel and multilingual support available on all trading days (Monday to Friday).

The company has dedicated phone lines for traders based in Kuwait, Oman, Hong Kong, Indonesia, Malaysia, Singapore, Philippines, Thailand, Vietnam, UK, Qatar, Taiwan, Bahrain, and Brunei.

The broker offers multiple channels to reach support, including phone support (+971563008077), live chat (option available on the website), and email support ([email protected]). 

Deposit and Withdrawal Methods

Traders withdraw or deposit money all the time and prefer convenient payment options. HighMarkets offers payments with debit/credit cards and digital wallets. The options include Visa, Mastercard, Maestro, Apple Pay, Google Pay, and Visa Debit.

Again, the platform does not charge fees upon deposits or withdrawals. However, depending on your payment method, you may incur a fee.

Regulation and Compliance

HighMarkets is operated by DXA SEYCHELLES LIMITED, which is registered in Seychelles under registration number 8438281-1. The company is authorized and regulated by the Financial Services Authority of Seychelles (FSA) under license number SD218.

The broker also makes several legal and compliance documents available through its website, including its Risk Disclosure Policy, Client Service Agreement, Complaints Handling Policy, Privacy Policy, Cookies Policy, and other legal documentation.

The company requires traders to comply with AML and KYC compliance. 

Conclusion

HighMarkets is a new broker, yet the company checks many boxes traders usually look for. Straightforward offerings, decent leverage, powerful trading platform, access to diverse range of tradable assets, and multiple account types. 

On the flip side, it is also important to note that HighMarkets is a new broker with a limited track record. The company is offshore regulated and does not offer MT4/5 trading platforms. 

All things considered, you can try the broker risk-free by opting for the company’s demo account. You can test the platform and then see if it’s for you or not.